Managing Commodity Price Risk in Developing Countries (World Bank) - Hardcover

Claessens, Professor Stijn; Duncan, Professor Ronald C.

Hardcover

ISBN 10: 0801846625 ISBN 13: 9780801846625

Publisher: The Johns Hopkins University Press, 1994

Synopsis

Primary commodities represent more than one-half of the export earnings of many developing countries. The large fluctuations that can occur in the prices of such commodities are therefore a main economic difficulty for these countries. New financial techniques can lower the risk caused by these price changes over longer periods and allow financial obligations to be linked to commodity prices. But few developing countries have used these techniques.

This book shows policymakers in developing countries how to use the full range of new and established financial techniques. Through case studies, it provides detailed information about the techniques, analyzes the institutional constraints on them, and illustrates the kinds of technical assistance needed to make good use of them. It also describes the instruments, the markets, and the current regulatory framework.

For the past several years, the World Bank has assisted developing countries in managing commodity price risk. The book draws extensively on the lessons learned from this assistance to demonstrate that developing countries can benefit significantly from using financial techniques to manage their risk.

About this title

About the Author

Stijn Claessens is the senior economist in the Debt and International Finance Division of the International Economics Department of the World Bank. Ronald C. Duncan is chief of the International Trade Division of the International Economics Department of the World Bank.

Edition details

• Publisher: The Johns Hopkins University Press
• Publication date: 1994
• Language: English
• ISBN 10: 0801846625
• ISBN 13: 9780801846625
• Binding: Hardcover
• Number of pages: 480